Issuing short term bonds is a sweet deal when interest rates are falling, but not so much when they go the other way.
Canada has just over $1.4 trillion in debt — more than double the $619 billion owed in the Liberal government’s first year — borrowed using bonds ranging between two and 30 years.
This year, $414 billion of the national debt will be refinanced. During the pandemic, the Bank of Canada’s central rate was as low as 0.25 per cent; it’s now five per cent.
Does that mean interest costs will go up? Just asking for Justin….
1.4 trillion
$1,400,000,000,000
40 million of us.
40,000,000
‘do the math’
1,400,000/40
140000/4
approx
120000/4
approx 30,000 EACH of us, soooooooooo cough it up Canaduh.
p.s thats ONLY the interest. for one year. and sure as shyt the TURDeau will,
WILL spend spend spend spend spend spend spend
be
cause
it
works.
it gets votes by the millions. and, akin to a nation like, say, south vietnam, a ‘trend’ starts whereby it shifts to ‘everyone for themselves’. in s e asia that included locals engaging in lucrative black market (whilst their fellow citizens and 58,000+ ‘mercuns bought the farm, l saw the washington black marble) , in Canaduh that includes the individual availing themselves of the freebies in exchange for that little ‘tick’ every 5 years. they make it easy !!!
How many more women and minorities making over a hundred thousand dollars a year from home will our gubmint have to hire to fix this mess?
‘Interest rates are at historic lows, Glen.’
There is going to be less money from the Government to throw around. Will there be enough food banks to cover this?
“We will borrow so you don’t have to.”
I wonder why the government still enjoys a “AAA” rating, when they have increased spending and debt every year they have been in power.
I also wonder why there was no interest in long term bonds when rates were low, as the government shouldn’t be issuing short term bonds unless they are expecting to pay it off, and we all know that there is no way any canadian government will pay it’s debts.
And of course we all get to enjoy “Freeland Math” because the government plans to have a $40 billion deficit, which requires them to borrow an additional $71 billion.
gradually, then suddenly… or “Canada is back” … take your pick ’cause pot is legal in Canada now!
Folks who bought $400k mortgages on $500k houses at 2% and will start paying 6% now ($100 additional interest on each $100k x 1% rise = 4×4= $1600 additional interest each month) will be covering this mess, with the additional carbon tax, and McDonalds burger prices have doubled in the past couple years… while salaries haven’t nearly kept pace.
Trudeau and the #Libranos have spent the past few weeks arguing for “abortion rights” that they claim they’re protecting.
Are the #Libranos trying to do to their political party, what they’ve done to tier 2 Canada?
We can hope…
https://www.tickcounter.com/countdown/5220439/trudeau-gone
Took the kids to McDs a couple weeks ago, family of 4, meal was $82+, should have gone to Apache
Tim Pool has the list for us …. though it’s US prices
https://x.com/Timcast/status/1792901648873930861
That’s what happens when you put a sour-lemon-faced Journalism graduate in charge of your economy. Some banker told her she was “hot” … so she signed up for the short term loan